Question
. Calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 15-year annuity is $1.7 million and the
| . | Calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 15-year annuity is $1.7 million and the annuity earns a guaranteed annual return of 10 percent. The payments are to begin at the end of the current year. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) |
| Annual cash flows | $ |
| b. | Calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 15-year annuity is $1.7 million and the annuity earns a guaranteed annual return of 10 percent. The payments are to begin at the end of six years. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) |
| Annual cash flows | $ |
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi
6th Edition
0131986430, 9780131986435
